DoorDash, Inc. (NASDAQ:DASH) Shares Bought by China Universal Asset Management Co. Ltd.

China Universal Asset Management Co. Ltd. raised its holdings in DoorDash, Inc. (NASDAQ:DASH - Free Report) by 21.4% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,943 shares of the company's stock after buying an additional 3,694 shares during the quarter. China Universal Asset Management Co. Ltd.'s holdings in DoorDash were worth $3,828,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Norges Bank acquired a new position in shares of DoorDash in the 4th quarter valued at about $597,443,000. Capital World Investors lifted its stake in shares of DoorDash by 26.4% in the 4th quarter. Capital World Investors now owns 12,153,265 shares of the company's stock valued at $2,038,712,000 after purchasing an additional 2,538,160 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in shares of DoorDash by 67.1% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 4,654,891 shares of the company's stock valued at $780,858,000 after purchasing an additional 1,869,866 shares in the last quarter. Franklin Resources Inc. lifted its stake in shares of DoorDash by 25.0% in the 4th quarter. Franklin Resources Inc. now owns 4,749,810 shares of the company's stock valued at $796,781,000 after purchasing an additional 949,414 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of DoorDash by 46.7% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,515,861 shares of the company's stock valued at $422,036,000 after purchasing an additional 800,322 shares in the last quarter. Hedge funds and other institutional investors own 90.64% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. Raymond James Financial raised DoorDash from an "outperform" rating to a "strong-buy" rating and lifted their price objective for the company from $215.00 to $260.00 in a research note on Monday, June 23rd. UBS Group reduced their price target on DoorDash from $197.00 to $196.00 and set a "neutral" rating on the stock in a research report on Wednesday, May 7th. Wells Fargo & Company boosted their price target on DoorDash from $198.00 to $239.00 and gave the stock an "equal weight" rating in a research report on Monday. Wall Street Zen raised DoorDash from a "hold" rating to a "buy" rating in a research report on Saturday, June 7th. Finally, KeyCorp reduced their price target on DoorDash from $240.00 to $230.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 15th. Ten research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, DoorDash currently has an average rating of "Moderate Buy" and an average price target of $220.53.

DoorDash Stock Performance

Shares of NASDAQ DASH traded down $5.42 during trading on Tuesday, reaching $241.47. The stock had a trading volume of 2,887,871 shares, compared to its average volume of 4,250,605. DoorDash, Inc. has a one year low of $99.32 and a one year high of $249.04. The stock has a market cap of $102.32 billion, a PE ratio of 320.64 and a beta of 1.70. The firm's 50 day moving average price is $213.14 and its two-hundred day moving average price is $194.42.

DoorDash (NASDAQ:DASH - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The company reported $0.44 earnings per share for the quarter, beating analysts' consensus estimates of $0.39 by $0.05. The business had revenue of $3.03 billion during the quarter, compared to the consensus estimate of $3.10 billion. DoorDash had a return on equity of 4.39% and a net margin of 3.02%. The business's quarterly revenue was up 20.7% on a year-over-year basis. During the same period in the previous year, the business earned ($0.06) EPS. On average, research analysts expect that DoorDash, Inc. will post 2.22 earnings per share for the current year.

Insider Activity

In related news, CEO Tony Xu sold 44,244 shares of the company's stock in a transaction on Monday, June 16th. The stock was sold at an average price of $220.71, for a total transaction of $9,765,093.24. Following the completion of the transaction, the chief executive officer directly owned 520,450 shares in the company, valued at $114,868,519.50. This represents a 7.84% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Ravi Inukonda sold 20,000 shares of the company's stock in a transaction on Monday, June 30th. The stock was sold at an average price of $247.00, for a total value of $4,940,000.00. Following the transaction, the chief financial officer owned 245,530 shares of the company's stock, valued at approximately $60,645,910. The trade was a 7.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 427,781 shares of company stock worth $94,277,848 over the last 90 days. Insiders own 5.83% of the company's stock.

DoorDash Company Profile

DoorDash, Inc, together with its subsidiaries, operates a commerce platform that connects merchants, consumers, and independent contractors in the United States and internationally. The company operates DoorDash Marketplace and Wolt Marketplace, which provide various services, such as customer acquisition, demand generation, order fulfillment, merchandising, payment processing, and customer support.